Bangladesh: Cheese Market Overview 2020

Cheese Market Size in Bangladesh

The revenue of the cheese market in Bangladesh amounted to $X in 2018, remaining relatively unchanged against the previous year. In general, cheese consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Cheese consumption peaked at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Cheese Production in Bangladesh

In value terms, cheese production totaled $X in 2018 estimated in export prices. Overall, cheese production continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, cheese production reached its maximum level at $X in 2013; however, from 2014 to 2018, production remained at a lower figure.

Cheese Exports

Exports from Bangladesh

In 2018, the amount of cheese exported from Bangladesh totaled X tonnes, shrinking by -X% against the previous year. Over the period under review, cheese exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, cheese exports attained their maximum at X tonnes in 2009; however, from 2010 to 2018, exports remained at a lower figure.

In value terms, cheese exports amounted to $X in 2018. In general, cheese exports continue to indicate a dramatic deduction. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Exports peaked at $X in 2009; however, from 2010 to 2018, exports failed to regain their momentum.

Exports by Country

Nigeria (X tonnes) was the main destination for cheese exports from Bangladesh, accounting for a X% share of total exports. It was followed by Germany (X kg), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of volume to Nigeria amounted to -X%.

In value terms, Nigeria ($X) remains the key foreign market for cheese exports from Bangladesh, comprising X% of total cheese exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of value to Nigeria amounted to -X%.

Export Prices by Country

The average cheese export price stood at $X per tonne in 2018, dropping by -X% against the previous year. Overall, the cheese export price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2012 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Nigeria stood at $X per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Germany.

Cheese Imports

Imports into Bangladesh

Cheese imports into Bangladesh stood at X tonnes in 2018, rising by X% against the previous year. Over the period under review, cheese imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Over the period under review, cheese imports attained their maximum at X tonnes in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

In value terms, cheese imports totaled $X in 2018. In general, cheese imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by X% year-to-year. In that year, cheese imports reached their peak of $X. From 2017 to 2018, the growth of cheese imports remained at a lower figure.

Imports by Country

In 2018, India (X tonnes) constituted the largest supplier of cheese to Bangladesh, with a X% share of total imports. Moreover, cheese imports from India exceeded the figures recorded by the second-largest supplier, Australia (X tonnes), threefold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and the Netherlands (+X% per year).

In value terms, India ($X) constituted the largest supplier of cheese to Bangladesh, comprising X% of total cheese imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average cheese import price stood at $X per tonne in 2018, coming down by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2016 an increase of X% y-o-y. The import price peaked at $X per tonne in 2017, and then declined slightly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2018, the countries with the highest prices were the Netherlands ($X per tonne) and India ($X per tonne), while the price for the UK ($X per tonne) and the U.S. ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform